Actionable news
All posts from Actionable news
Actionable news in FXCM: FXCM Inc,

Leucadia National Swings to Loss

Leucadia provided FXCM with a $300 million loan in January, after the currency broker scrambled to cover huge losses in customer trading accounts after the Swiss National Bank SNBN 0.09 % removed the cap on the Swiss franc. That loan also came with ownership rights.

Leucadia said it adjusted the fair value of its gains on the investment to $461 million for the year, reflecting the decline in FXCM’s shares price. FXCM’s Class A shares have fallen more than 90% this year.

Leucadia said it...